Allowing the petition the Court held that ; all details regarding pension was furnished in the original assessment proceedings .As all necessary facts were already on record, duly disclosing that there was no failure on part of assessee to disclose primary facts, reassessment to disallow said payment was unjustified. ( AY.2010-11, 2011-12 )
Deloitte Haskins & Sells Chartered Accounts v. DCIT (2018) 253 Taxman 490 (Guj)(HC).Editorial: SLP of revenue is dismissed as the tax effect is less than Rs 1. Crore Dy.CIT v. Deloitte Haskins & Sells Chartered Accounts ( 2019) 261 Taxman 449/ SLP rejected ( 2019) 266 Taxman 190 (SC)
S.147: Reassessment-After the expiry of four years- Firm -Partner- Pension paid to retiring partner which was allowed as deduction- Reassessment was held to be not valid [ S. 37(1),148 , 184 ]